The demutualised building societies are no more

From The Independent:

All the building societies that transformed themselves into banks quoted on the stock exchange between 1989, starting with the old Abbey National, and 2000, when Bradford & Bingley took the plunge, have either failed or had to be rescued. Following Bradford & Bingley’s demise, there is not one left.

Meanwhile the building societies which resisted the temptation, such as Nationwide, Britannia, Yorkshire and 56 others, have gone on doing their core job of providing home loans for ordinary people. They have been virtually untouched by the financial crisis.